For Omniture Inc. (NASDAQ: OMTR), there seems to be no recession. Instead, the company is growing as if we're in boom times.
According to its Q1 report, revenues surged 136% to $69.6 million. True, there were some key acquisitions – but the figure is still impressive.
Essentially, Omniture has a comprehensive offering of web analytics software (which is delivered via the web). Interestingly enough, the company's solutions may spur more demand in rough times. After all, Omniture helps improve the effectiveness and efficiency of marketing expenditures.
Early in the quarter, Omniture closed its acquisition of Visual Sciences, which pumped up the customer base by 1,400. And, according to the conference call, it sounds like the merger integration is moving smoothly.
Going into Q2, Omniture forecasts revenues of $73 million to $75 million, with adjusted earnings per share of 10 to 11 cents.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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